At Stephanou Audit, we acknowledge that an audit is much more than a formality, it's a real necessity. For that reason we strive to deliver high quality audit services that will add value to your business. An audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It must be objective, independent, and conducted with integrity and professionalism, both to protect the business and to encourage it to thrive. Audit quality is a fundamental component of our firm's strategy and vision.Our audit approach is based on developing a sound, in-depth knowledge of our client’s activities and the financial and business risks that the organization faces. By agreeing expectations at an early stage the audit is focused on the requirements of the business. This enables us to provide an audit opinion on the financial statements while still presenting the business owner(s) with useful information to assist in future developments and also provide assurance for third parties or external users that such statements present 'fairly' the company's financial condition and results of operations.All companies registered in Cyprus are required by law to submit audited financial statements.To ensure full compliance with the relevant legal requirements, we conform to the exact standards of the Cyprus regulatory authorities and International Financial Reporting Standards (I.F.R.S.).Our audit and assurance services include:Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting Standards (IFRS)Audit of prepared Financial Statements in accordance with the International Financial Reporting Standards (IFRS)Audit of Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS)Review of financial statementsReview of interim financial informationAudit Report in accordance with International Standards on Auditing (ISA)

Accurate, well-organized financial records help your business run more efficiently, and are fundamental to the business decisions you are called upon to make every day. Stephanou Audit provides financial accounting and technical accounting advice, support tools, guidance and training which will help to improve the quality of your financial reporting process and deal with what counts.The team of our highly qualified and experienced professionals can provide a wide range of accounting and bookkeeping services to meet the needs of all its clients.Services provided include the following:Maintenance of proper books and records by using computerized accounting systems in a multi currency system enabling the preparation of financial statements and reports in every major currencyPreparation of periodic management accounting reports which are tailor - made to suit the client's requirements Preparation of various reports for management purposes such as budgets, cash flow forecasts along with variance reports against actual resultsRestatement of accounts to comply with IAS/GAAP requirementsReconciliation and analysis of bank accountsPayroll services Social insurance contribution servicesMaintenance of VAT records and preparation of VAT returnsPreparation of Financial Statements and Consolidates Financial Statements in accordance with International Financial Reporting Standards (IFRS)

Our firm provides leading edge advice to individuals and businesses in developing tax strategies that can maximize tax planning benefits and meet all compliance requirements and legitimately minimize their tax liabilities. The team of our highly qualified and experienced professionals can provide a wide range of accounting and bookkeeping services to meet the needs of all its clientsAll businesses seek tax efficient planning, in order to minimize their tax burden, take full advantage of all the tax benefits available to them and maximize shareholder value. An important part of our practice is to assist International Business Companies that operate in more than one jurisdiction. The application of Double Tax Treaties and proper planning can avoid the impact of paying tax twice on the same income or profits, or may even reduce or eliminate tax liabilities altogether. We are able to help you structure your business in a tax-efficient manner by utilizing Double Tax Treaties and other tax relevant legislation.Our key tax services include:Corporate Tax PlanningPersonal Tax PlanningInternational Tax PlanningReview and advice on Company’s tax positionAdvice on Optimum Tax StructuresAdvice for Double Tax TreatiesTax CompliancePreparation of tax provisions for financial statementsPreparation and submission of Tax Returns for companies and individualsAdvisory assistance on dealing with tax authoritiesCyprus Tax certificates

Through our highly qualified and experienced corporate personnel, we offer company formation and registration services in close to 15 jurisdictions around the world, including America, Europe and the Far East. Registration of limited (Ltd) Companies in Cyprus is ideal for non – residents to establish offshore international business. Under the current tax legislation, Cyprus has one of the lowest tax regimes in Europe and its role as an international financial center is greatly enhanced. Our corporate set includes memorandum & articles of association, a seal, share certificates, certificate of incorporation, business registration certificate and all original formation documents. In addition to this, using its wide experience and its collaboration with reputable foreign law firms and corporate services providers, Stephanou Audit is able to offer in particular the following services worldwide:"Shelf" companiesDirectorshipTrustee shareholdersCompany secretaryRegistered officeTrustee functions Statutory books and records

Stephanou Audit provides a guiding force to businesses that pursue sound corporate governance and business planning models. Consequently, we ensure that the client’s company is in full compliance with requested targets. The team ascertains that company records are up to date and that statutory documents are completed, signed and filed in a timely manner.Secretarial line of services: Provision of Company Secretary Preparation of the minutes of directors and shareholders meetings Assisting with changes in the Company’s Memorandum and ArticlesPreparation and submission of Annual Returns Preparation of Powers of AttorneyMaintenance of the statutory books Implementing changes of ShareholdersIncrease and Reduction of share capital Change of NameEach and every business entity in order to operate globally successfully and effectively needs a wide range of Administration services that it can depend on. This is exactly the kind and quality of administration services we offer.Administration Support Services: Managing the issue of purchase orders, sales invoices, credit notes and debtor statements Handling correspondence with third partiesManaging telephone, faxes, mail and e-mail correspondence Preparation of payrolls of employees and executivesBank Support Services: Banking introductions to reputable banks Opening of corporate and trust accounts Operation of bank accountsArranging, handling and transferring Letters of CreditAssistance in arranging credit and debit cardsAssistance with arranging on-line banking servicesOther Support Services:Application for Certificate of Good StandingApplication for Tax Residence Certificate Web domain registration

The businesses nowadays operate in a highly competitive environment. For that reason it is more necessary than ever for them to redefine their existence purpose within the market place as well as their direction by developing strong competitive advantages and core competences.Stephanou Audit offers a wide range of business consulting services. We work closely with the client, adopting worldwide best practices and approaches, in order to establish the strategy and their objectives and develop methods and processes that will cause sustainable competitive advantage.Our mission is to provide our clients with the highest quality business and financial advisory services that will help them grow their business. Our services include: Corporate Governance, Risk & ComplianceBusiness Advisory ServicesFinancial Advisory ServicesInternal control organizationFeasibility studiesMarket surveys and other specialized servicesCompany mergers and acquisitionsPreparation of sales contracts ,rental agreements and other documents & CertificationsPersonnel search and recruitmentTraining services in Book-keeping and computersBudget and cash flow preparation

One of the most effective and professional ways to run your IBC company is to maintain a virtual office service for your clients who might desire to get in touch with your company or to e-mail or fax documents to your company in Cyprus. Modern communication combined with professional services means that our affiliate company can provide its clients with everything necessary to set up and operate a Virtual Office.Our virtual office services include:Virtual Office with 5 days of private access each monthTelephone message forwarding: Dedicated telephone number: a professional receptionist answers the calls in the company’s name and the message is forwarded accordingly.Fax Forwarding: Dedicated fax number: faxes that are received at the dedicated line assigned to our client are collected and then forwarded accordingly.Mail ForwardingDedicated address: A personal postal address is designated and mail is collected from the post box regularly and then forwarded according to specific instructions.Also a provision of a secretary who will answer all questions of your clients!A virtual office service is a perfect solution for you for effective management and in order to save costs on rents and employee salaries.Having at your disposal a virtual office service gives you the opportunity to receive and dispatch correspondence to your business associates and clients in time and you give the impression of a physical presence in the given situation. This level of service is recommended for medium to large activity companies specifically relying on double taxation treaty provisions and need to prove genuine external management and control.You can also quote the telephone number, the fax number, the e-mail and the company address on your business documents and business cards. Take advantage of this great service, ask for prices today !

Cyprus is an international Business Center and an Attractive Investment Destination. Additionally, the high quality of life, the favorable tax regime and the Mediterranean climate are just a few of the many reasons why people come to Cyprus. The Cyprus Government is offering a very attractive citizenship scheme for individuals wishing to invest in the Cyprus economy to obtain Cypriot citizenship and, automatically, EU citizenship.Cyprus citizens are EU citizens and this entails that the holders of a Cyprus passport can freely move in the EU, may live and work in any EU country and can incorporate companies in any EU state.Cyprus citizens can also benefit from one of the most favorable tax systems in the Union, both for individuals and legal persons. The benefits of establishing a base in Cyprus are numerous and a lot of international companies are already taking advantage of the many business and taxation benefits the country has to offer. A 3rd country national may apply for citizenship in Cyprus by naturalization under one of the following categories: Investment In Government Bonds Investment In Financial Assets Of Cypriot Companies Or Cypriot Organizations Purchase Or Creation Or Participation In Cypriot Businesses Or Companies Investment In Real Estate, Land Development And Infrastructure Projects Deposits In Cypriot BanksStephanou Audit Firm offers comprehensive services in the area of immigration and citizenship. We aim to provide you with step-by-step instructions and guidance which will lead you through the process, while at the same time you avoid any application errors which inevitably cause substantial delays.We are adept at representing the applicant for the communication with the authorities and preparing all application forms and auxiliary documents for submission to the authorities. As one of the best established audit firms in Cyprus, with in depth knowledge of the Cypriot Law, we are in the position to provide optimum service to our clients. Our Clients are offered a complete service and full legal support for all the actions that need to be executed in order to apply under the Cyprus (EU) Citizenship Program.Additionally our Team provides services for corporate relocation either for local clients or international organizations seeking to establish a base and business in Cyprus.Our focus on developing and maintaining a measurable client satisfaction program has created a company culture where each one of our team delivers high quality service in every single project.

Outsource your accounting operations to Stephanou Audit and get access to fast, accurate and cost-effective accounting services by the experts. We can take care of your financial and accounting operations, leaving you free to do what you do best - growing your business.Why Outsource?Reduced Costs – Outsourcing accounting and bookkeeping to Stephanou Audit may help your business reduce its costs and save money.Expertise – Outsourcing financial functions to us puts your bookkeeping and accounting operations in the hands of trained professionals whose sole focus is accounting.Experience – Stephanou Audit is a well –established firm of Qualified Auditors, Certified Accountants and Business Advisors. We have the depth and breadth to provide the services you need. Better Technology – Many businesses limp along with outdated accounting and bookkeeping software applications. By outsourcing your financial and accounting services to Stephanou Audit, your business will gain access to professionals using the latest financial services software.Enhance your Business Continuity with outsourced accounting.Improve your focus – By outsourcing financial and accounting operation, you can devote more of your people and resources to your core mission.Security – Your accounting data is stored on secured servers protecting against physical data loss, and to enhance business continuity and disaster recovery.We can process your transactions daily, just like an internal accounting department. Our expert accountants can handle the following accounting functions:Real-time transaction processingSales invoicing Vendor bill paymentPayroll processingManagement reportingBudgeting, forecasting, KPI trendingAt Stephanou Audit we act as an extended part of your team, keeping a constant eye on your accounting, helping you understand the numbers driving your business and making you achieve your business goals. Please feel free to contact with us in order to schedule a meeting so to get to know us better and show you what we have to offer to solve your everyday business challenges.